Gamma Fund linked wallets deposit 10,976 Ethereum worth $23.9M to Binance
Gamma Fund linked wallets have deposited 10,976 Ethereum, valued at approximately $23.9 million, into Binance. This move appears to be part of a strategy to capitalize on Ethereum acquired earlier this year. The fund had previously purchased Ethereum at around $1,999 per token and is now executing a profit-taking cycle.
- ▪Two wallets associated with Gamma Fund transferred 10,976 ETH to Binance in a single hour.
- ▪The fund had previously acquired 11,215 ETH at about $1,999 each, totaling around $22.4 million.
- ▪Gamma Fund had withdrawn 9,000 ETH from Binance earlier, indicating a strategic approach to trading Ethereum.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/16122613/gamma-fund-moves-24-5m-in-eth-to-binance-fueling-sell-off-sp-1-800x420.jpeg" alt="Gamma Fund linked wallets deposit 10,976 Ethereum worth $23.9M to Binance" class="w-full aspect-[19/10] object-cover" /> Gamma Fund linked wallets deposit 10,976 Ethereum worth $23.9M to Binance The fund appears to be cashing in on ETH accumulated near $2,000 earlier this year, with another 5,500 ETH potentially headed for the exit. Share Add us on Google by Editorial Team May. 16, 2026 Two wallets tied to the entity known as Gammafund just moved 10,976 ETH, worth roughly $23.9M, into Binance within a single hour. When a fund parks that much Ethereum on a centralized exchange, it’s generally not there for the vibes.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
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